Lori good afternoon. Welcome to another hour of market now. I am lori rothman. Melissa good afternoon. I am melissa francis. Lori from 30 to three Legacy Airlines dwindling as we await a merger between American Airlines and u. S. Airways. Melissa the hottest thing on the Nasdaq Stock Exchange may be the nasdaq itself. Charlie gasparino is here as they talk to go private. Lori without any further ado, lets get you updated on the markets. We are joined by Lauren Simonetti. I want to particularly take a look at Goldman Sachs right now. Hitting a new annual high. The Investment Bank says that equity markets kind of went too fast. They will slow down a little bit on their global theme. However, maintain will be tough. It is just too hard to maintain. We have the strongest start since the 1990s. Melissa Oil Prices Rising for the first time in days. Fox business contributor phil flynn is our man in the pits of the cme. What a reversal. Oil prices were below 95 a barrel. Everyone thought that
Networking giant linkedin getting quite a boost after the stock was upgraded by needham and company. They upgraded from a hold to a buy. Needham said because linkedin, has quote, unexploited growth opportunity. Ashley fruit and vegetable producer dole foods has agreed to go private after 1. 2 billion offer from chairman and ceo, david murdock. Investors receive 13. 15 a share. That is an increase of 1. 50 doctor from murdocks offer in june. Liz wishbone salad dressing unit has been bought by pinnacle for 580 million. Unilever will focus more on personal care products. Ashley reuters says the commodities regulator, cftc is stepping up its investigation into allegations by Companies Like cocacola, warehousing firms pushed up aluminum prices. Cftc reportedly subpoenaing a warehousing firm yet to be named. Liz piano maker, steinway the target of a bidding war. It appears there may be a winner. Steinway received a new proposal for takeover this one for about 477 million from an unnamed Inve
The latest trend in womens fashion. That is the furthest thing from the power suits of the 1990s. Back to the floor of the New York Stock Exchange to check in with adam. Stocks off the lows of the day, but trending down. Trending down, but its a sideways flat day, nothing going on with the dow, dow down 14 points, nasdaqs up, good news for apple up 2 on potential for the new iphone 5s sent 10th, but the other thing people are watching down here, dole foods, talk about that. Their ceo is going to buy the company, upped the bid for it, and their stock today up 5 trading at 13. 45, there it is, year to date, up 17 , so dole on a run today. They are doing well. Back to you, lori. Lori one not talked about recently. Thanks for that, adam. Yep. Lori what are the markets and zombies have in common . More than you think. The chief Market Strategist says this bull market is the walking dead. It is unkillble. Jeff, thank you, as always, for joining us. Lets start there. Why are you optimistic ri
Ecigarette industry. And the fccs proposal for pay for priority internet standards. Lets begin with matt miller and gms first Earnings Report since its ignition switch result recall. Gm did better than analysts protected. It did, but those numbers were brought down substantially before the report date. Earnings pert the share. The adjusted number came in at . 29 compared to what was expected to be only four cents, so analysts were expecting less than a nickel. Theyve lowered their estimates reportng into guardings this morning. On the revenue side, General Motors actually missed, but only by a little bit. We are looking for 37. 9. The problem the recall in north america, a huge at 1. 3 billion dollars and they are losing money in south america as well. Highlighting the benefits for General Motors, those big trucks you see driving around, they make gm a lot of money. Make morestimate they than 10,000 on the big truck and on the big suvs like the yukon and suburban, where they really own
Evidence that there is not more slack in the labor markets. On Interest Rates, again, she will talk about the taper likely to end. Bond buying likely to end later on this year. The fed will keep rates at a record low for a considerable period. If the labor market continues to improve more quickly, than anticipated by the committee resulting in faster conversion towards justice, increases in the federal funds rate target will occur sooner. Conversely, if the economic disappointing, then the future path of his tryst rates likely will be more accommodative than currently anticipated. She has a warning and her testimony towards the on on the subject of Financial Stability. She says most asset prices seem to be in line with historical norms. In some sectors such as lower rated corporate valuations appear stretched. We are monitoring developments in the leverage loan market. And are working to advance the effectiveness of our guidance. Expect Financial Stability. Regulation could dominate th